We are live on ! Find out more
State of Tennessee, Department of Treasury

State of Tennessee, Department of Treasury Portfolio holdings

AUM $29.8B
1-Year Est. Return 29.48%
This Fund
S&P 500
This Quarter Est. Return
+4.74%
1 Year Est. Return
+29.48%
3 Year Est. Return
+87.58%
5 Year Est. Return
+114.9%
10 Year Est. Return
+444.03%
AUM
$31.3B
AUM Growth
+$1.24B
Cap. Flow
-$287M
Cap. Flow %
-0.92%
Top 10 Hldgs %
28.36%
Holding
1,819
New
92
Increased
472
Reduced
1,140
Closed
92

Top Buys

Rank Stock Value
1
TSM icon
TSMC
TSM
+$211M
2
APP icon
Applovin
APP
+$43.1M
3
SE icon
Sea Limited
SE
+$26M
4
TTE icon
TotalEnergies
TTE
+$25.5M
5
CRH icon
CRH
CRH
+$25.3M

Top Sells

Rank Stock Value
1
EWT icon
iShares MSCI Taiwan ETF
EWT
+$244M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$88.6M
3
SHYG icon
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
+$69.2M
4
RACE icon
Ferrari
RACE
+$54.5M
5
INDA icon
iShares MSCI India ETF
INDA
+$43.8M

Sector Composition

Rank Sector Weight
1 Technology 24.95%
2 Financials 11.36%
3 Consumer Discretionary 8.16%
4 Communication Services 7.8%
5 Industrials 7.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ELV icon
176
Elevance Health
ELV
$86.4B
$31.7M 0.1%
91,828
-9,775
-10% -$3.3M
GM icon
177
General Motors
GM
$76B
$31.7M 0.1%
377,129
-115,826
-23% -$8.17M
EMR icon
178
Emerson Electric
EMR
$91.3B
$31.6M 0.1%
214,955
-1,698
-0.8% -$225K
CCJ icon
179
Cameco
CCJ
$42.5B
$31.5M 0.1%
253,124
-3,354
-1% -$302K
BNY
180
Bank of New York Mellon
BNY
$110B
$31.5M 0.1%
262,388
-20,178
-7% -$2.23M
MMM icon
181
3M
MMM
$94.2B
$31.3M 0.1%
204,179
-1,641
-0.8% -$268K
GREK
182
Global X MSCI Greece ETF
GREK
$331M
$31M 0.1%
420,183
-34,136
-8% -$2.22M
CI icon
183
Cigna
CI
$73.5B
$30.7M 0.1%
112,059
+28,256
+34% +$7.92M
WM icon
184
Waste Management
WM
$89.7B
$30.7M 0.1%
137,919
+12,135
+10% +$2.59M
WDC icon
185
Western Digital
WDC
$167B
$30.6M 0.1%
122,178
+1,632
+1% +$247K
MNST icon
186
Monster Beverage
MNST
$91.2B
$30.5M 0.1%
755,550
-163,822
-18% -$5.87M
RCL icon
187
Royal Caribbean
RCL
$83.1B
$30.5M 0.1%
93,902
-2,246
-2% -$634K
TEVA icon
188
Teva Pharmaceuticals
TEVA
$42.6B
$30.4M 0.1%
+893,190
New +$22M
SLB icon
189
SLB Ltd
SLB
$77.5B
$30.4M 0.1%
629,044
+173,519
+38% +$6.29M
AMT icon
190
American Tower
AMT
$81.4B
$30.4M 0.1%
169,599
-1,371
-0.8% -$249K
FCX icon
191
Freeport-McMoran
FCX
$93.4B
$30.3M 0.1%
502,298
-112,251
-18% -$4.86M
CMI icon
192
Cummins
CMI
$86.8B
$30.1M 0.1%
51,920
+3,331
+7% +$1.56M
CEG icon
193
Constellation Energy
CEG
$98.7B
$30M 0.1%
106,846
-5,411
-5% -$1.97M
NKE icon
194
Nike
NKE
$61.4B
$29.8M 0.1%
482,912
-7,048
-1% -$459K
REGN icon
195
Regeneron Pharmaceuticals
REGN
$83B
$29.8M 0.1%
40,136
-8,048
-17% -$5.47M
STX icon
196
Seagate
STX
$208B
$29.7M 0.1%
72,917
+2,075
+3% +$539K
TMUS icon
197
T-Mobile US
TMUS
$196B
$29.4M 0.09%
149,133
-14,199
-9% -$3.01M
TTE icon
198
TotalEnergies
TTE
$193B
$29.3M 0.09%
+402,959
New +$25.5M
MCO icon
199
Moody's
MCO
$84.7B
$29.1M 0.09%
56,480
-471
-0.8% -$230K
BDX icon
200
Becton Dickinson
BDX
$49.6B
$28.7M 0.09%
141,132
+20,135
+17% +$3.83M
6 7
8
9 10

Similar funds

Eagle Capital Management (New York)
Eagle Capital Management (New York) New York $29.8B AUM 12.13% 1-Year Est. Return
Coatue Management
Coatue Management New York $29.1B AUM 96.54% 1-Year Est. Return
Hudson Bay Capital Management
Hudson Bay Capital Management Stamford, Connecticut $29B AUM 30.2% 1-Year Est. Return
Lord, Abbett & Co
Lord, Abbett & Co Jersey City, New Jersey $30.6B AUM 57.44% 1-Year Est. Return
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS) Columbus, Ohio $30.9B AUM 29.72% 1-Year Est. Return
PCH
Polar Capital Holdings London, United Kingdom $28.2B AUM 115.26% 1-Year Est. Return
N
Natixis Paris, France $28B AUM 26.79% 1-Year Est. Return
Gates Foundation Trust
Gates Foundation Trust Kirkland, Washington $31.7B AUM 20.52% 1-Year Est. Return

State of Tennessee, Department of Treasury's Q4 2025 Portfolio in Review

As of Q4 2025, State of Tennessee, Department of Treasury held 1,819 positions worth $31.3B, up 4.1% from $30B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

State of Tennessee, Department of Treasury's Q4 2025 filing shows 92 new, 472 increased, 1,140 reduced and 92 closed positions. Its largest new stake was TSMC: 718,960 shares worth $238M. The largest sale was iShares MSCI Taiwan ETF, an estimated $244M.

By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 25% a quarter earlier, followed by Financials and Consumer Discretionary.

  • State of Tennessee, Department of Treasury's largest Q4 2025 buy was TSMC: 718,960 shares worth $238M.
  • State of Tennessee, Department of Treasury added most to Applovin in Q4 2025, an estimated $43.1M increase.
  • State of Tennessee, Department of Treasury's biggest Q4 2025 reduction was iShares MSCI Taiwan ETF, cutting an estimated $244M.
  • State of Tennessee, Department of Treasury fully exited iShares 0-5 Year High Yield Corporate Bond ETF in Q4 2025, selling an estimated $69.2M.
  • State of Tennessee, Department of Treasury's ten largest holdings make up 28% of its $31.3B portfolio in Q4 2025.
  • State of Tennessee, Department of Treasury opened 92 new positions and closed 92 in Q4 2025.
  • State of Tennessee, Department of Treasury's portfolio value rose 4.1% quarter-over-quarter to $31.3B.

Based on State of Tennessee, Department of Treasury's 13F filing for Q4 2025, filed 18 Feb 2026.